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Segment Information
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Information
NOTE 13 - SEGMENT INFORMATION
The Company reports its segments in four geographic regions: PLP-USA, The Americas, EMEA (Europe, Middle East & Africa) and Asia-Pacific in accordance with accounting standards codified in FASB ASC 280, "Segment Reporting". Each segment distributes a full range of the Company’s primary products. The PLP-USA segment is comprised of U.S. operations manufacturing the Company’s traditional products primarily supporting domestic energy, telecommunications and special industries products. The other three segments, The Americas, EMEA and Asia-Pacific, support the Company’s energy, telecommunications, data communication and special industries products in each respective geographical region.
The segment managers responsible for each region report directly to the Company’s Executive Chairman, who is the CODM, and are accountable for the financial results and performance of their entire segment for which they are responsible. The business components within each segment are managed to maximize the results of the entire Company rather than the results of any individual business component of the segment.
The amount of each segment’s performance reported to the CODM is for purposes of making decisions about allocating resources to the segment and assessing its performance. The Company evaluates segment performance and allocates resources based on several factors primarily based on gross sales and income before income taxes.
The CODM uses both gross sales and income before income taxes for each segment predominantly in the annual budget and forecasting process as well as monitoring actual results. The CODM considers forecast-to-actual and actual to prior period variances for both measures when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses segment gross sales and income before income taxes for the performance of each segment by comparing the results of each segment with one another and in determining the incentive compensation of certain employees.
The following tables present a summary of the Company’s reportable segments for the three- and nine-month periods ended September 30, 2025 and 2024. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profit in inventory.
Three Months Ended September 30, 2025
PLP-USAThe AmericasEMEAAsia-PacificTotal
Gross sales$82,814 $32,032 $39,564 $35,142 $189,552 
Intersegment sales(1,997)(2,700)(1,491)(5,277)(11,465)
Net sales80,817 29,332 38,073 29,865 178,087 
Less:
Cost of products sold57,143 20,269 25,663 22,163 125,238 
Gross profit23,674 9,063 12,410 7,702 52,849 
Costs and expenses16,264 7,474 8,272 7,707 39,717 
Operating Income (Loss)7,410 1,589 4,138 (5)13,132 
Interest income165 381 110 27 683 
Interest expense(78)(6)(164)(64)(312)
Other (expense) income, net(11,780)61 37 535 (11,147)
(Loss) Income before income taxes(4,283)2,025 4,121 493 2,356 
Income tax (benefit) expense(2,599)570 1,141 625 (263)
Total noncontrolling interest— — — 
Total net (loss) income attributable to Preformed Line Products Company shareholders$(1,684)$1,455 $2,987 $(132)$2,626 
Three Months Ended September 30, 2024
PLP-USAThe AmericasEMEAAsia-PacificTotal
Gross sales$68,274 $21,970 $34,333 $32,698 $157,275 
Intersegment sales(2,720)(2,118)(1,396)(4,068)(10,302)
Net sales65,554 19,852 32,937 28,630 146,973 
Less:
Cost of products sold44,171 13,082 23,610 20,332 101,195 
Gross profit21,383 6,770 9,327 8,298 45,778 
Costs and expenses17,357 4,981 7,223 5,825 35,386 
Operating Income4,026 1,789 2,104 2,473 10,392 
Interest income387 116 32 538 
Interest expense(136)(20)(233)(175)(564)
Other (expense) income, net(10)51 29 (6)64 
Income before income taxes3,883 2,207 2,016 2,324 10,430 
Income tax expense824 633 663 614 2,734 
Total noncontrolling interest— — (16)— (16)
Total net income attributable to Preformed Line Products Company shareholders$3,059 $1,574 $1,337 $1,710 $7,680 
Nine Months Ended September 30, 2025
PLP-USAThe AmericasEMEAAsia-PacificTotal
Gross sales
$240,937 $87,346 $104,716 $94,820 $527,819 
Intersegment sales
(6,824)(7,228)(4,739)(12,799)(31,590)
Net sales
234,113 80,118 99,977 82,021 496,229 
Less:
Cost of products sold
155,538 55,545 69,179 59,048 339,310 
Gross profit
78,575 24,573 30,798 22,973 156,919 
Costs and expenses50,832 19,697 23,572 19,432 113,533 
Operating income
27,743 4,876 7,226 3,541 43,386 
Interest income
346 901 235 95 1,577 
Interest expense
(173)(39)(479)(315)(1,006)
Other (expense) income, net(12,183)134 307 1,118 (10,624)
Income before income taxes15,733 5,872 7,289 4,439 33,333 
Income tax expense
1,236 1,719 1,723 1,783 6,461 
Total noncontrolling interest
— — (24)— (24)
Total net income attributable to Preformed Line Products Company shareholders
$14,497 $4,153 $5,542 $2,656 $26,848 
Nine Months Ended September 30, 2024
PLP-USAThe AmericasEMEAAsia-PacificTotal
Gross sales$204,068 $66,558 $97,824 $88,083 $456,533 
Intersegment sales(7,877)(6,532)(4,194)(11,333)(29,936)
Net sales196,191 60,026 93,630 76,750 426,597 
Less:
Cost of products sold129,370 41,578 66,621 54,846 292,415 
Gross profit66,821 18,448 27,009 21,904 134,182 
Costs and expenses52,460 14,344 18,743 15,391 100,938 
Operating income14,361 4,104 8,266 6,513 33,244 
Interest income1,581 203 69 1,856 
Interest expense(820)(67)(537)(416)(1,840)
Other (expense) income, net(39)126 107 (5)189 
Income before income taxes13,505 5,744 8,039 6,161 33,449 
Income tax expense1,784 1,476 2,122 1,401 6,783 
Total noncontrolling interest— — (24)— (24)
Total net income attributable to Preformed Line Products Company shareholders$11,719 $4,268 $5,893 $4,761 $26,642 
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Expenditure for long-lived assets
PLP-USA$1,334 $1,152 $4,248 $5,656 
The Americas1,298 841 3,097 1,923 
EMEA7,602 1,050 21,102 2,557 
Asia-Pacific389 531 1,530 1,084 
Total expenditure for long-lived assets$10,623 $3,574 $29,977 $11,220 
Depreciation and amortization
PLP-USA$3,338 $2,973 $9,596 $8,687 
The Americas915 799 2,600 3,002 
EMEA1,003 869 2,841 2,532 
Asia-Pacific750 744 2,222 2,192 
Total depreciation and amortization$6,006 $5,385 $17,259 $16,413 
September 30, 2025December 31, 2024
Identifiable assets
PLP-USA$264,451 $245,388 
The Americas115,071 103,456 
EMEA164,226 125,013 
Asia-Pacific100,875 100,020 
Total identifiable assets$644,623 $573,877 
Long-lived assets
PLP-USA$114,469 $119,114 
The Americas25,529 20,446 
EMEA43,105 21,243 
Asia-Pacific34,678 34,283 
Total long-lived assets
$217,781 $195,086